Tuesday, May 12, 2009

Jean-Claude Trichet sees the Bottom!

Jean-Claude Trichet, speaking on behalf of the world's central bankers, sees the Eurozone bottoming out and the world economy turning around. Chris Giles, Daniel Pimlott, and Ralph Atkins in the Financial Times report that "The global economy was 'around the inflection point', he said, with some countries 'being beyond the inflection point'." They report further that the OECD declares "there were signs of a 'pause' in the economic slowdown in France, Italy, the UK and China."

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